OPEN-SOURCE SCRIPT

Valid impulse (sain6ayar_)

94
v0.1

This script detects **valid impulse moves** based on Smart Money Concepts (SMC).
A valid impulse is confirmed when price closes beyond the prior candle’s high (bullish) or low (bearish).

Features:
- Detects both bullish and bearish impulses.
- Marks impulses with colored rectangular boxes (green for bullish, red for bearish).
- Recolors confirmed candles for easier visualization (bullish = black, bearish = faint gray).
- Non-confirmed candles may appear in between, but the sequence continues if the next qualifying candle closes beyond the prior high/low.

Use this tool to validate displacements, combine with BOS/FVG/OB analysis, and filter pullbacks from true market impulses.

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